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Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Lai Sun Development Co's annualized net income for the quarter that ended in Jan. 2026 was HK$-2,333 Mil. Lai Sun Development Co's average shareholder tangible equity for the quarter that ended in Jan. 2026 was HK$22,285 Mil. Therefore, Lai Sun Development Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jan. 2026 was -10.47%.
The historical rank and industry rank for Lai Sun Development Co's Return-on-Tangible-Equity or its related term are showing as below:
HKSE:00488'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -16.88 Med: -6.05 Max: 15.11
Current: -16.88
During the past 13 years, Lai Sun Development Co's highest Return-on-Tangible-Equity was 15.11%. The lowest was -16.88%. And the median was -6.05%.
HKSE:00488's Return-on-Tangible-Equity is ranked worse than 89.41% of 1719
companies
in the Real Estate industry
Industry Median: 4.44
vs HKSE:00488: -16.88
Lai Sun Development Co (HKSE:00488) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Lai Sun Development Co Return-on-Tangible-Equity Related Terms
Lai Sun Development Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Lai Sun Development Co's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lai Sun Development Co Return-on-Tangible-Equity Chart
Lai Sun Development Co Return-on-Tangible-Equity Competitor Comparison
For the Real Estate - Diversified subindustry, Lai Sun Development Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lai Sun Development Co Return-on-Tangible-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Lai Sun Development Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Lai Sun Development Co's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Jan. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -10.47% mean?
Lai Sun Development Co (HKSE:00488) has a Return-on-Tangible-Equity of -10.47% as of Jan. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Lai Sun Development Co and its competitors. According to the industry distribution chart, Lai Sun Development Co ranks #1537 out of 1719 companies in the Real Estate industry, placing it in the top 89.4%.
Is Lai Sun Development Co's Return-on-Tangible-Equity too high?
Lai Sun Development Co's current Return-on-Tangible-Equity is -10.47%. Based on the distribution chart, Lai Sun Development Co ranks #1537 out of 1719 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Lai Sun Development Co has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lai Sun Development Co's Return-on-Tangible-Equity compare to competitors?
According to the Real Estate industry distribution chart, Lai Sun Development Co ranks #1537 out of 1719 companies for Return-on-Tangible-Equity. This places Lai Sun Development Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 4.44. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Real Estate company?
The median Return-on-Tangible-Equity among Real Estate companies is 4.44, based on 1,719 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Lai Sun Development Co and its competitors. For the Real Estate industry, the median Return-on-Tangible-Equity is 4.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lai Sun Development Co's current Return-on-Tangible-Equity is -10.47%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lai Sun Development Co stock overvalued right now?
Based on GuruFocus' analysis, Lai Sun Development Co (HKSE:00488) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.56, compared to a current price of HK$0.80 — trading 42.9% above its estimated fair value. The current Return-on-Tangible-Equity is -10.47%. Lai Sun Development Co's overall GF Score™ is 34/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Lai Sun Development Co (HKSE:00488), the current Return-on-Tangible-Equity is -10.47% as of Jan. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lai Sun Development Co (HKSE:00488) Overvalued in 2026?
Based on GuruFocus' analysis, Lai Sun Development Co stock appears to be overvalued.
The current stock price of HK$0.80 is trading 42.9% above its estimated GF Value™ of HK$0.56.
GuruFocus considers Lai Sun Development Co to be Significantly Overvalued.
Key valuation signals for HKSE:00488:
Return-on-Tangible-Equity: -10.47%
GF Value™: HK$0.56 vs. price of HK$0.80 (42.9% above fair value)
No single metric tells the full story. See the HKSE:00488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lai Sun Development Co Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in various reportable operating segments such as; property development and sales; property investment; hotel operation; restaurant operation; media and entertainment; film and TV programs; cinema operation; theme park operation, and others. The property development and sales segment which derives a majority of its revenue, is engaged in property development and the sale of properties. Geographically, it derives a majority of its revenue from Mainland China and Macau, and the rest from Hong Kong, the United Kingdom, Vietnam, and other regions.
34GF Score
Get the complete analysis for HKSE:00488
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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